Surely even the staunched of you long termers must be getting to terms with this.. I know I am... I have gone from denial, to anger, to bewilderment, to hope, back to bewilderment again in the total and acute lack of positive progress from Larry Bottomly and the BODs. I can handle that the sector is down beat and things are taking longer to happen, I just cannot handle the complete lack of enthusiasm and belief that the BODs think that simply shutting up shop and not giving investors progress updates is in the best interest of the company. If the agenda 3 years ago at £ 2.70 odd a share was to drive the SP down to 11 pence in 3 years time, then they have made a 100% perfect execution of that strategy.... trying to stay positive guys but I am really now wondering if I need to let this one go. leave it behind and move on.... week after week, nothing ....Everyone`s the same as me, come Friday and the weekend, thinking got to be a positive announcement that will instil confidence next week and next week comes and its just ground hog day......
I am glad you like way I spell as it does worse old I get . I think you are right about old SD how many little ones he has now . how much moor money he has made , I would be good to catch up with him . As for share price here it gets worse S D said that I miss lowers years go looks like they are back so I many buy some now to go with moor free ones I hold .
My other shares aren't doing that great lately but at least there is activity, this is ridiculous. The market sniffs news before any of us do and if news was imminent I would expect a lot more activity.
FAR trading halt Senegal SNE1 Nov 7 http://www.asx.com.au/asxpdf/20141107/pdf/42tkgpkkp0w295.pdf Request for Trading Halt FAR Ltd (ASX: FAR) requests a trading halt in its securities effective immediately pending an announcement in relation to an update on the Senegal SNE-1 well results: In accordance with Listing Rule 17.1, FAR advises that it: (a) is seeking the trading halt pending an announcement in relation to the Senegal SNE-1 well results; (b) wishes the trading halt to last until the earlier of the time when the announcement is released or FAR Ltd requests the trading halt to cease, subject to the limit imposed by ASX Listing Rules and in any event no later than the commencement of trading on Tuesday, 11 November 2014; and
Results of complete mapping from the fully processed data were expected in October 2014, Tullow Interim Management Statement - 12 Nov 2014 expect an update on Namibia potentially with improved COS by then:
"3D and 2D Seismic Survey Schedule Processing is ongoing on the 2D and 3D seismic survey data acquired early in 2014. It is anticipated that “fast track” processed results will be available mid- to late-August and fully processed data will be available in September 2014. The results of complete mapping from the fully processed data are expected in October 2014. Future Exploration Following full mapping, the Prospects will be examined for drilling potential. The EL 0037 joint venture will then be in a position to determine drilling sites and dates."
Blackfisk21 - slide 20 is quite interesting, it shows a COS of only 17% yet Tullow have farmed in to the acreage knowing that Pancontinental estimates farmin expenditure of potentially up to US$130 million, with a full carry for Pancontinental. Our central blocks have a COS of 22%. I don't know whether they have yet analysed the data from the 3D seismics and had a resource update, which may improve the COS.
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